SB463

Increases the amount of anticipated annual revenue from tobacco settlement agreements and civil actions that can be used for administering the.

This bill revises provisions relating to the Governor Guinn Millennium Scholarship Program by increasing the amount of anticipated annual revenue from certain settlement agreements and civil actions against tobacco manufacturers that may be used to pay the costs of administering the Millennium Scholarship Trust Fund. The bill raises the authorized administrative funding from 3 percent to 10 percent of the anticipated annual revenue from these sources.